Self-service configurable platform to set, track rate, and approve non-sales-based subjective KPIs by leveraging defined guard rails along with built-in discussion / commenting capability. Configure objective setting, rating, and reporting features and vary them by division/salesforce with their desired hierarchy and approval workflow.
As a business owner, if you want to improve the productivity of your workforce, you have to start by setting clear objectives. When your employees have well-defined targets, they will know what is expected from them. It allows your staff to channel their talent and ideas to work towards more effective and efficient results.
Management by Objectives (MBO) refers to defining objectives for the company that are mutually agreed upon by the management and employees. As a strategy, MBO goal setting can significantly improve the company’s internal efficiency, driving it forward in a highly competitive market.
MBO goal examples are usually set to establish the primary goals of employees, which are later rated through group or manager feedback to determine efficacy. Not only does it benefit the company, but it also allows corporate employees to put efforts in the right direction to facilitate their professional development. The ultimate result of an MBO manager is an increased consistency between actions and consequences, enhancing company productivity immensely.
There are multiple reasons why organizations would choose to have an MBO manager.
MBO goal setting can help them –
When MBO goal examples are poor, it can cause several problems within the organization. Let’s take a look at how bad MBO compensation management can affect your company –
There are certain things that must be kept in mind to create an effective MBO Compensation program. Here’s how you can design a better MBO program –
At Aurochs, our specialized MBO Manager can help create, manage, rate, and approve MBO goal examples across your salesforce at various levels. With configurable objective setting, reporting, and rating features, you can streamline your workflow and align it with your organizational needs and guidelines.
With a conversational feature to discuss performance on objectives, our MBO Compensation platform enables employees to seek guidance from managers regarding their assigned goals. Similarly, managers can use the channel to offer ongoing feedback to improve employee performance scorecard.
Setting and managing MBOs couldn’t get any easier! If you’re interested in our MBO Management system, get in touch with us today!
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